October 25, 2012Comments Off on 2 candidates, 2 visions for the military

Is the United States spending enough money on defense, and is it spending it in the right ways? In the aftermath of the 9/11 terrorist attacks, the money spigot was turned wide-open, pouring hundreds of billions of dollars into the ...

August 14, 2012Comments Off on Looming spending cuts hit more than defense

It’s not just the Pentagon and defense contractors that face a funding crisis from broad government spending cuts in January. Domestic programs are on the chopping block too, in ways that could affect average Americans more. Fewer air traffic controllers, ...

The House is expected to vote on a revised defense budget that restores funding to an aircraft partly built on Long Island. In preparing its five-year fiscal plan, the Pentagon had recommended terminating the RQ-4 Global Hawk, an unmanned surveillance aircraft built by ...

Aeroflex Holding Corp., a provider of microelectronic components as well as test and measurement equipment, shrank its second-quarter loss to $535,000 from $11.4 million a year ago as sales fell to $171.1 million from $181.6 million. The Plainview-based company said ...

December 12, 2011Comments Off on $1T-plus spending bill taking shape in Congress

Congress is putting the finishing touches on a sweeping $1 trillion-plus spending bill wrapping together the day-to-day operating budgets of 10 Cabinet departments with funding for the war in Afghanistan. The catchall measure has been drafted by the powerful Appropriations ...